Julie Purchased Five (5) S&P 500 Index Futures at a Price

question 23

Multiple Choice

Julie purchased five (5) S&P 500 index futures at a price of 1392. The contract size is $250 times the index value. The futures are maturing today at a price of 1387.50. What is the amount of her profit or loss?

• A) -$3,125
• B) -$4,650
• C) -$5,625
• D) -$13,575
• E) -$15,625

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Definitions:

Marketing Research

Marketing Research involves gathering, analyzing, and interpreting information to aid in making informed marketing decisions.

Bookkeeping Service

Involves the recording of financial transactions and is part of the process of accounting in business, ensuring accurate financial records are kept.

Marketing Research Process

An organized series of steps taken to gather and analyze information to help in marketing decision-making.

Secondary Data

Information that has been previously collected and published by others, used for research or analysis.